圣农发展(002299) - 2025 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2025 was ¥4,114,656,924.89, a decrease of 2.38% compared to ¥4,214,982,397.45 in the same period last year[3] - Net profit attributable to shareholders was ¥147,553,408.60, a significant increase of 338.28% from a loss of ¥61,923,676.75 in the previous year[3] - The net profit after deducting non-recurring gains and losses was ¥170,225,950.07, up 399.57% from a loss of ¥56,824,069.60 year-on-year[3] - Basic earnings per share rose to ¥0.1193, a 337.65% increase from a loss of ¥0.0502 in the same period last year[3] - The net profit for the current period is 154,005,630.39, compared to a net loss of 71,212,377.85 in the previous period, indicating a significant turnaround[32] - The total comprehensive income for the current period is 154,000,380.27, compared to a loss of 71,211,916.31 in the previous period, showcasing a strong recovery[32] Cash Flow - Operating cash flow for the period was ¥557,453,242.57, representing a 60.70% increase from ¥346,881,122.96 in the previous year[3] - The net cash flow from operating activities increased by 210.57 million yuan, a growth of 60.70%, benefiting from lower feed raw material prices and effective cost control, with a sales volume increase of 4.78%[17] - The net cash flow from financing activities decreased by 779.70 million yuan, a decline of 55.53%, primarily due to reduced net cash inflow from debt financing[19] - The net cash flow from financing activities is 624,277,390.94, compared to 1,403,972,508.55 in the previous period, indicating a decrease in financing inflows[34] Assets and Liabilities - Total assets at the end of the reporting period were ¥21,338,474,719.48, an increase of 2.14% from ¥20,890,943,324.46 at the end of the previous year[3] - The total liabilities increased to CNY 10,737,117,303.12 from CNY 10,444,464,111.41, reflecting a rise of 2.81%[30] - The company's asset-liability ratio at the end of the reporting period was 50.32%, a slight increase of 0.32 percentage points, indicating stable capital structure[20] Investment and Income - Investment income increased by 203.43% to ¥19,940,000.00, attributed to the strong performance of an associated company[13] - The company received government subsidies amounting to ¥8,691,358.92, which positively impacted its financial performance[5] - The company incurred credit impairment losses of -376,224.06, a decrease from 351,264.61 in the previous period, suggesting improved credit quality[32] Operational Efficiency - The company reported a good operating cash flow of 557 million yuan in the first quarter, reflecting strong operational performance[17] - The total operating costs for the current period amount to CNY 3,928,956,590.83, down from CNY 4,212,480,772.47, reflecting a reduction of 6.73%[31] - The company achieved over 30% year-on-year growth in the C-end retail sector despite overall industry pressure[16] Shareholder Information - The top ten shareholders hold a total of 44.68% of the shares, with Fujian Shengnong Holding Group Co., Ltd. being the largest shareholder[22] - The company plans to repurchase shares for employee stock ownership plans, with a total repurchase amount between CNY 80 million and CNY 120 million[24] - The company has initiated the process to cancel 220,000 shares reserved for the employee stock ownership plan, reducing registered capital accordingly[25] Inventory and Receivables - Accounts receivable decreased by 22.35 million yuan compared to the beginning of the year, with an annualized turnover rate of 14.91 times, maintaining a stable high level[20] - The company's inventory decreased to CNY 2,806,234,608.41 from CNY 2,983,465,084.17, a reduction of 5.93%[28]